Ord Minnett is an Australian wealth management company.
History Ord Minnett was founded in 1951 by Charles Ord and Jack Minnett.History & Heritage Ord Minnett In 1969, Bankers Trust and Ord Minnett formed BT-Ord, a merchant bank with Ord Minnett having a 60% shareholding. Ord Minnett sold out to Bankers Trust in 1972.
Westpac purchased a 50% shareholding in July 1984, before exercising an option to take full ownership in April 1987.Westpac launches new service Canberra Times 12 November 1985 page 17Business Briefs Canberra Times 2 April 1987 page 13Were Climbs Back into Hot Seat Australian Financial Review 12 November 1993 Westpac sold out in August 1993, with Jardine Fleming and staff each owning 50%.Ord Minnett sale sparks expansion Canberra Times 3 August 1993 page 11JF in Ord Minnett stake South China Morning Post 24 September 1993 Australian Wealth Management purchased a 70% shareholding in May 2008 with JPMorgan Chase, that had purchased Jardine Fleming, retaining 30%. In September 2019 Ord Minnett was sold in a management buyout.Ord Minnett management take control as IOOF and JP Morgan exit Business News 27 June 2019IOOF sells out of Ord Minnett in $115m deal with management Sydney Morning Herald 27 June 2019IOOF announces the completion of the sale of Ord Minnett IOOF 24 September 2019
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